2023 PGK to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 132.8829. Conversely, the yearly low was recorded on December 30, dropping to 117.7255.
This high-to-low spread represents a total annual volatility of 15.1574 KMF. From a start-to-finish perspective, comparing the January average rate of 129.7347 to the December average rate of 120.6031, the exchange rate registered a net change of -7.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 132.8829 was down 8.80% compared to the 2022 peak of 145.6995, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PGK to KMF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 129.0911, compared to 124.0137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.0774 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 7.2383 KMF (High: 128.5795 / Low: 121.3412). On the other end, April was the most stable month, with a tight range of 3.5191 KMF (High: 128.8702 / Low: 125.3511).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.1584 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 130.7948) against the same month in 2022 (average: 127.0855), the exchange rate shifted by +3.7093 (+2.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 132.8431 | 127.9527 | 129.7347 |
| February | 132.6421 | 128.0285 | 130.3895 |
| March | 132.8829 | 126.7945 | 130.7948 |
| April | 128.8702 | 125.3511 | 127.3085 |
| May | 130.5255 | 126.5171 | 128.3107 |
| June | 130.8238 | 126.1236 | 128.0086 |
| July | 128.5795 | 121.3412 | 124.7727 |
| August | 128.5511 | 123.2136 | 124.7998 |
| September | 128.9758 | 124.1139 | 126.4743 |
| October | 128.4293 | 123.5648 | 125.7954 |
| November | 125.8145 | 118.7415 | 121.6370 |
| December | 122.8478 | 117.7255 | 120.6031 |